INNOVATORS IN TESTING SOFTWARE AND SERVICES JOIN FORCES IN LAUNCHING CENTER OF EXCELLENCE, HELPING ENTERPRISES BRING APPLICATIONS FASTER TO MARKET
San Mateo, CA and Pune, INDIA— March 11, 2015 – Tricentis, a global leader in enterprise software testing solutions that accelerate business innovation, today announced a partnership with Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services to optimize quality assurance (QA) strategy and execution for enterprises worldwide. According to analysts, companies spend over $60B per year or 23% of their IT budget on QA and testing. As part of this agreement, Tricentis and Infosys will work together to create automated QA and testing solutions that will significantly reduce this burden for enterprises.
Tricentis Tosca increases productivity of QA teams by automating over 90 percent of test cases and allowing customers to manage risk rather than solely identifying the number of test cases. By leveraging Tricentis’ Test Case Design, enterprises are able to reduce the number of test cases necessary to execute. The combination of greater automation, increased risk coverage and a lower number of test cases dramatically reduces testing time, effort and cost. Tricentis is thus a perfect fit for development teams experiencing lengthy test cycles and looking to leverageagile, continous development and DevOps methodology.
“Our partnership and Center of Excellence with Infosys will be paying dividends for our joint customers” stated Sandeep Johri, CEO, Tricentis, “Tricentis and Infosys are clear thought leaders in testing. We will continue to maintain this position by jointly investing in this partnership and keeping our focus on the evolving needs of our customers.”
Ravi Kumar S, Executive Vice President, Infosys, said, “Infosys is focused on offering enterprises superior testing services that help our clients to free up budgets and people to drive business growth. Our partnership with Tricentis will bring global scale to its testing solutions. The Center of Excellence, will help Infosys and Tricentis to rapidly innovate in testing by leveraging the latest developments in automation and visualization technologies. This combination of start-up innovation and Infosys global reach creates a compelling proposition for our clients.”
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Tricentis is the leading provider of software testing solutions for Global 2000 companies to accelerate business innovation via Agile development methodologies. Tricentis’ unique model-based approach to software test automation enables enterprises to achieve unprecedented automation rates (>90%) while maximizing business risk coverage (>95%).
Tricentis’ solution encompasses market-leading model based test design and planning, test data provisioning, automation for end-to-end testing of modern applications across web, mobile, .Net, Java, and several legacy technologies. Tricentis delivers a 10X improvement over traditional script based testing solutions and is poised to disrupt the $60B annual spend on software testing services which are primarily delivered via outsourced manual testing. Gartner recognizes Tricentis as the Visionary Leader in their 2014 Magic Quadrant for Integrated Software Quality Suites Report.
The company’s more than 400 customers include global brands such as Allianz, BMW, ING, Deutsche Bank, HBO, Orange, Swiss Re, UBS, and Vodafone. Tricentis has offices in Austria, United States, Germany, Switzerland, the UK, Netherlands, and Australia.
Jessica K. Chao
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.